Budget 2009 Introduction Personal Income Tax Tax Credits National Insurance Contributions Employees Savings Capital Gains Tax Inheritance Tax Stamp Duty Land Tax Corporation Tax Business Tax Value Added Tax Other Measures Tax Tables National Insurance

Tax Tables Table A Allowances and Reliefs   2009/10 2008/09   Allowed at top rate of tax     Personal Allowance £6,475 £6,035 Personal Allowance (65-74)* 9,490 9,030 Personal Allowance (75 and over)* 9,640 9,180 Blind Person's Allowance 1,890 1,800   Allowed only at 10%     Married Couple's Allowance (65-74)+* N/A 6,535 Married Couple's Allowance (75 and over)+* 6,965 6,625 Income Limit for age-related allowances 22,900 21,800   + only available if born before 6th April 1935. * Age allowances are reduced £1 for every £2 by which income exceeds the income limit, until the age allowance is reduced to the normal allowance. Personal allowance is reduced before married couple's allowance. MCA is reduced to a minimum of £2,670 (2008/09: £2,540).   Bands 2009/10 2008/09 Starting (within basic rate band)* £2,440 £2,320 Basic 37,400 34,800 Higher over 37,400 over 34,800 * There is a 10% starting rate for savings income only. If general taxable income exceeds the starting rate limit, the 10% rate is not available.   Rates differ for General, Savings and Dividend income within each band: Rates 2009/10 and 2008/09   G S D Starting N/A 10% 10% Basic 20% 20% 10% Higher 40% 40% 32.5% General income (salary, profit, rent) uses starting rate and basic rate bands before savings income (interest). Dividends are taxed as the 'top slice' of income.   Table B Pension Contributions   The maximum annual tax efficient gross contributions (up to age 75) in 2009/10 are: - individuals:   £3,600 or 100% of earnings to £245,000 - employers:   £245,000 less employee contributions Maximum tax efficient fund (lifetime allowance) where benefits are taken in 2009/10: £1.75m. Only current earnings count for the 100% limit. It is no longer possible to use prior earnings or to carry back contributions to earlier years.   Table C Benefits In Kind   Car Benefit Assessment 2009/10 Charge based on a percentage of the initial list price of the car; the percentage depends on the carbon dioxide emission ratings of the car, if it has one. For older cars without a rating, the percentage depends on engine capacity. For 2009/10 the percentage for a petrol engine is 15% for ratings from 121g/km - 135g/km. The percentage increases by 1% for every complete 5g/km in excess of this (i.e. at 140,145 etc), to a maximum of 35%. Diesel cars have 3% added to this figure, but still have a maximum percentage of 35%. A lower rate of 10% (13% diesel) is available for cars with a rating up to 120g/km.   Car Fuel Assessment The benefit is calculated using the same percentage as that used for the car benefit, applied to a standard figure of £16,900 (unchanged from 2008/09). The taxable amount is therefore between £1,690 (10% - min.) and £5,915 (35% - max.).